"Understanding NFT Derivatives" by Chidi favour Chinweotuto

They provide liquidity to digital artists

They protect against copyright infringement

They enable fractional ownership of digital art

They facilitate cross-border transactions

They are not subject to market volatility

They are not legally binding

They are not traded on exchanges

They are based on digital assets

A digital representation of a physical asset

A token that represents ownership of an NFT

A unique digital artwork

A financial contract based on the value of an NFT